Sign up for free newsletter

 

North America

Orange fraud sign with magnifying glass

CFTC charges Arjent Capital Markets LLC, Chicago Trading Managers, Spencer Montgomery, and Brian Reynolds with commodity pool fraud

Thu, 15/03/2012 - 16:00

The US Commodity Futures Trading Commission (CFTC) today filed an enforcement action charging Colorado-based defendants Arjent Capital Markets LLC (has), Chicago Trading Managers LLC (CT Managers), Spencer Montgomery, and Brian Reynolds with defrauding commodity pool investors by knowingly or recklessly issuing false account statements for three separate commodity pools. »

Judgement Hammer

CFTC orders Goldman Sachs Execution & Clearing to pay USD7m for supervision failures

Wed, 14/03/2012 - 12:34

Goldman Sachs Execution & Clearing (GSEC), a registered futures commission merchant based in New York, NY, has agreed to pay a USD5.5 million civil monetary penalty and USD1.5 million in disgorgement to settle CFTC charges that it failed to diligently supervise accounts that it carried from about May 2007 to December 2009.  »

Dollars frozen in a block of ice

CFTC charges Varlesi with commodity pool fraud

Mon, 12/03/2012 - 11:40

The US Commodity Futures Trading Commission (CFTC) has filed a civil enforcement action against Christopher Varlesi of Chicago, Illinois, individually and doing business as Gold Coast Futures and Forex (Gold Coast). »

Orange FRAUD sign with a magnifying glass

CFTC charges John David Stroud and companies with commodity pool fraud

Fri, 09/03/2012 - 10:00

The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action in the US District Court for the Middle District of Alabama charging John David Stroud and his companies, Stroud Capital Management, LLC, TS Capital Partners, LLC, and TS Capital Management, LLC, all of Auburn, Ala, with fraud and misappropriation in operating two commodity pools. »

Dollar notes frozen in a block of ice

SEC obtains asset freeze against Long Island investment adviser

Wed, 07/03/2012 - 12:52

The Securities and Exchange Commission charged a New York-based investment adviser with defrauding investors in five offshore funds and using some of their money to buy himself a multi-million dollar beach resort property on Long Island. »

Orange fraud sign with magnifying glass

CFTC charges IAG Capital Management and William Patrick Kelly with commodity pool fraud

Wed, 29/02/2012 - 13:00

The US Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges that IAG Capital Management, LLC (IAG) and William Patrick Kelly of Weston, Connecticut, who operated a USD6 million commodity pool called the IAG Multi Strategy Fund LP, wrongfully used more than USD320,000 of pool participants’ funds for Kelly’s personal use, made false statements to the National Futures Association (NFA), and commingled pool participants’ funds with their own funds. »

Orange fraud sign with magnifying glass

Four hedge fund managers indicted in USD40m Ponzi scheme

Fri, 24/02/2012 - 16:00

A federal grand jury sitting in Charlotte has returned an indictment against Jonathan D Davey, 47, of Newark, Ohio, Jeffrey M Toft, 49, of Oviedo, Florida, Chad A Sloat, 33, of Kansas City, Mo, and Michael J Murphy, 51, of Deep Haven, Minn, on four criminal charges relating to an investment fraud conspiracy, announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina. »

fraud sign

CFTC orders Jeffrey J Kinseth and Virtual Vision Inc to pay more than USD1m over fraud action

Fri, 24/02/2012 - 15:00

The US Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Jeffrey J Kinseth of Cedar Rapids, Iowa, and his Iowa-based company, Virtual Vision Inc, for fraudulently soliciting individuals to participate in a pooled investment vehicle, misappropriation of investor funds, and issuance of false statements to conceal trading losses and fraud. Kinseth is not registered with the CFTC. »

Orange fraud sign with magnifying glass

SEC charges Hamilton and companies over Ponzi schemes

Fri, 24/02/2012 - 12:00

The Securities and Exchange Commission (SEC) has charged Steven L Hamilton and Verde Retirement LLC, Verde FX Nevada, LLC, Covenant Capital Partners with securities fraud for defrauding at least 23 investors out of USD1.6 million in a series of Ponzi schemes. »

Law books and gavel

CFTC settles action against Aaron Klein

Thu, 23/02/2012 - 13:38

The US Commodity Futures Trading Commission (CFTC) has filed and settled an action against Aaron Klein of Rochester, NY, finding that he acted as an undisclosed controlling person and principal of a Commodity Trading Advisor (CTA) registered with the CFTC. »

Judgement Hammer

CFTC orders D E Shaw & Co to pay USD140,000 for violating soybean and corn futures speculative position limits

Thu, 23/02/2012 - 11:29

The US Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against commodity pool operator D E Shaw & Co of New York, for exceeding speculative position limits in soybean and corn futures contracts in trading on the Chicago Mercantile Exchange. »

John Paulson, Paulson and Co

Philanthropist sues NY hedge fund

Thu, 23/02/2012 - 06:00

A prominent Miami investor and philanthropist has filed a lawsuit against the adviser and the administrator of one of the world's largest hedge funds, claiming that they 'recklessly' bought a large position in a Chinese timber company that has been exposed as a 'potential fraud'. »

Judgement Hammer

Court finds Pentagon Capital Management and Lewis Chester liable for securities fraud

Mon, 20/02/2012 - 14:20

United States District Judge Robert W Sweet of the Southern District of New York has issued an Opinion in favour of the US Securities and Exchange Commission finding that United Kingdom-based hedge fund adviser Pentagon Capital Management PLC (PCM) and Lewis Chester, PCM’s Chief Executive Officer, engaged in securities fraud in violation of the Securities Act of 1933 and the Securities Exchange Act of 1934. »

Orange fraud sign with magnifying glass

Federal Court orders Texas resident Robert D Watson to pay USD31m for defrauding customers

Mon, 20/02/2012 - 11:56

The US Commodity Futures Trading Commission (CFTC) has obtained federal court consent orders resolving its remaining claims against defendants Robert D Watson and Daniel J Petroski, both of Houston, Texas, PrivateFX Global One Ltd, SA, and 36 Holdings Ltd. Global One, a corporation formed in Panama, and 36 Holdings are under the control of a court-appointed receiver, Thomas L Taylor III. »

Red circle with red line through the word SCAM

CFTC charges Mitchell Brian Huffman over fraudulent USD3.2m commodity pool Scheme

Mon, 20/02/2012 - 11:05

The US Commodity Futures Trading Commission (CFTC) has filed a complaint in federal court in North Carolina, charging defendant Mitchell Brian Huffman of Charlotte, NC, with operating a fraudulent commodity pool scheme that defrauded participants of more than USD3.2 million in connection with exchange-traded commodity futures contracts. Huffman has never been registered with the CFTC. »

Orange fraud sign with magnifying glass

CFTC charges Angel F Collazo over forex Ponzi scheme

Thu, 16/02/2012 - 18:00

The US Commodity Futures Trading Commission (CFTC) has charged Angel Fernando Collazo of Salinas, Puerto Rico, and his companies, ACJ Capital, Inc. (ACJ) and Solid View Capital LLC (Solid View), both of San Juan, with fraud and misappropriation in a USD1 million off-exchange leveraged foreign currency (forex) Ponzi scheme. »

Red circle with red line through, Barred sign

CFTC obtains permanent injunction against InterForex for acting as an unregistered retail Forex dealer

Fri, 10/02/2012 - 12:27

The US Commodity Futures Trading Commission (CFTC) has obtained a federal court consent order that permanently bars defendant InterForex, Inc, of Tortola, British Virgin Islands, from soliciting or accepting orders to trade foreign currency (forex) from US customers who are not Eligible Contract Participants (ECPs).  »

Orange fraud sign with magnifying glass

CFTC charges Christopher B Cornett over forex fraud

Thu, 09/02/2012 - 14:00

The US Commodity Futures Trading Commission (CFTC) has filed an enforcement action against Christopher B Cornett of Buda, Texas, charging him with solicitation fraud, issuing false account statements, misappropriating pool participants’ funds, and failing to register in connection with an off-exchange foreign currency (forex) fraud. »

The US Commodity Futures Trading Commission

Arizona Federal Court orders Anthony Eugene Linton to pay more than USD1.7 million over Ponzi scheme

Tue, 07/02/2012 - 06:00

The US Commodity Futures Trading Commission (CFTC) has obtained a federal court order requiring Anthony Eugene Linton of Tucson, Arizona, doing business as The Private Trading Pool (PTP), to pay a total of USD1,776,610 in restitution, disgorgement, and a civil monetary penalty for defrauding investors in a commodity pool Ponzi scheme involving off-exchange foreign currency trading (forex). »

Judgement hammer

Federal Court sentences two for obstructing SEC investigation of Connecticut hedge funds manager

Wed, 01/02/2012 - 12:19

Florida resident Juan Carlos Horna Napolitano has been sentenced to 14 months imprisonment, followed by two years supervised release, for his role in conspiring to obstruct a Securities and Exchange Commission investigation relating to Francisco Illarramendi, a Connecticut hedge fund advisor. Horna Napolitano was also ordered to forfeit USD935,000. »

Blue information sign

CFTC releases results of limited reviews of futures commission merchants

Fri, 27/01/2012 - 10:00

The Commodity Futures Trading Commission (CFTC or Commission) has released findings of limited reviews of futures commission merchants (FCMs) to assess compliance with requirements to segregate customer funds pursuant to Section 4d of the Commodity Exchange Act (ACT).  »

Orange fraud sign with magnifying glass

Timothy Michael Murphy and Centurion Global Capital Management to pay USD360,000 over commodity pool solicitation fraud

Tue, 24/01/2012 - 13:45

The Commodity Futures Trading Commission (CFTC) has filed and simultaneously settled charges against Timothy Michael Murphy of Redding, Connecticut, and his New York-based company, Centurion Global Capital Management LLC (CGCM), for fraudulently soliciting at least 40 customers to participate in a commodity pool. »

 Robert Khuzami, Director of  Division of Enforcement, SEC

SEC charges fund managers and analysts in insider trading scheme

Thu, 19/01/2012 - 12:22

The Securities and Exchange Commission (SEC) has charged two multi-billion dollar hedge fund advisory firms as well as seven fund managers and analysts involved in a USD78 million insider trading scheme based on nonpublic information about Dell’s quarterly earnings and other similar inside information about Nvidia Corporation. »

Robert Khuzami, Director of the  Division of Enforcement. SEC

Texas-based accountant pleads guilty to lying to SEC investigators

Mon, 16/01/2012 - 12:00

A former audit partner at accounting and consulting firm BDO USA LLP has pleaded guilty to criminal charges for lying to SEC enforcement staff during investigative testimony. »

Peter Kambolin , Chief Executive Officer and Chief Operating Officer of Systematic Alpha Management.

Claims against Systematic Alpha dismissed by Federal Court

Fri, 13/01/2012 - 12:08

The Federal District Court for the Southern District of New York has dismissed all claims against Systematic Alpha principals arising from the Matveev v Batratchenko case, with prejudice. »

Judgement hammer

CFTC orders Newedge USA to pay USD700,000 for submitting inaccurate large trader reports

Tue, 10/01/2012 - 16:00

The US Commodity Futures Trading Commission (CFTC) has entered an order requiring Newedge USA, LLC (Newedge), a New York-based futures commission merchant, to pay a USD700,000 civil monetary penalty for submitting inaccurate large trader reports to the CFTC and for violating a 7 February, 2011, CFTC order directing Newedge to improve the accuracy and timeliness of its large trader reporting. »

Orange fraud sign with magnifying glass

SEC charges life settlements firm and three executives with disclosure and accounting fraud

Thu, 05/01/2012 - 10:00

The Securities and Exchange Commission (SEC) has charged Texas-based financial services firm Life Partners Holdings Inc and three of its senior executives over their involvement in a fraudulent disclosure and accounting scheme involving life settlements. »

Information sign

SEC adopts net worth standard for accredited investors under Dodd-Frank Act

Fri, 23/12/2011 - 10:00

The Securities and Exchange Commission has amended its rules to exclude the value of a person’s home from net worth calculations used to determine whether an individual may invest in certain unregistered securities offerings. The changes were made to conform the SEC’s definition of an “accredited investor” to the requirements of the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act. »

Judgement hammer

Michigan Federal Court orders Jeffrey L Groendyke and JG Forex Fund to pay over USD1.4m for operating Forex Ponzi scheme

Tue, 20/12/2011 - 17:00

The US Commodity Futures Trading Commission (CFTC) has obtained a federal consent order for permanent injunction against CFTC defendant Jeffrey L Groendyke (doing business as JG Forex Fund) of Middleville, Michigan, requiring him to pay USD963,141 in restitution and a USD420,000 civil monetary penalty. The order also permanently bars Groendyke from engaging in any commodity-related activity, including trading and registering with the CFTC. »

The word "regulation" being read through a magnifying glass

CFTC issues final order amending effective date for swap regulation

Tue, 20/12/2011 - 16:00

The Commodity Futures Trading Commission (CFTC) has issued a Final Order regarding the effective date for swap regulation.  »

features
Special report
Hedgeweek Special Report: Prime Brokerage 2015

Read how prime brokers of all shapes and sizes are becoming both operational and balance sheet-efficient, and broadening out their product suites for hedge fund managers... »

Special report
Lyxor Asset Management - Why trend-following strategies are back on track

This Hedgeweek Special Report explains not only why managed futures should be reconsidered by investors, but also how a more effective risk allocation strategy can benefit investor portfolios in both correlated and non-correlated markets... »

Article
Christopher ELvin, Preqin

977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising:  ... »

Special report
Cayman Islands Hedge Fund Services 2014

Cayman Islands Hedge Fund Services 2014

Fri, 19/12/2014 - 10:24

With service providers reporting growth in hybrid funds, funds for single investors and bespoke managed accounts, this report examines the regulations and new services being developed in Cayman to tackle the fast-changing offshore funds market... »

Article
Up arrow

Over half of infrastructure funds that closed in 2014 exceeded their fundraising target, up from 37% of funds in 2013. Andrew Moylan, Preqin’s Head of Real Assets Products, takes a look at infrastructure fundraising over the last 12 months: ... »

latestjobs
Analyst Tech Investment Banking - NYC

Wed, 28 Jan 2015 00:00:00 GMT

Director Project Finance - Metals & Mining Latam

Wed, 28 Jan 2015 00:00:00 GMT

VP/Director - TCF Energy - NYC / Toronto

Wed, 28 Jan 2015 00:00:00 GMT

events
6 days 11 hours from now - Kuala Lumpur
1 week 3 days from now - Las Vagas
1 week 4 days from now - Florida
specialreports